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515 28 Road

Capstone Companies Facilitates $2.56M Sale Of Creekside Apartments In Grand Junction
SOLDMultiFamily

Capstone Companies Facilitates $2.56M Sale Of Creekside Apartments In Grand Junction

515 28 Road

$2,560,000

Units

24

Asset Type

MultiFamily

Closing

May 24, 2024

AI

The Creekside Apartments in Grand Junction, Colorado, consisting of 24 units, were sold for $2,560,000. The property is located at 515 28 ½ Road in the Grand Junction market.

Summary of transaction details:

Capstone Companies played a key role in facilitating the sale of the Creekside Apartments. Their brokers, Austin Smith and Benton Adams, were instrumental in completing the transaction.

Players

Austin Smith

MMG Real Estate Advisors

Broker

$12M

vol

5 deals

Broker

Grand Junction MultiFamily Market Snapshot

Boundary boundary · MultiFamily · Sale transactions

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

6.20%

Cash-on-Cash

-1.77%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93